Quail, the front sprocket does have some allowable movement back and forth on the shaft, so I wouldn't worry. Also the '77/78's had a slightly different way of shimming the sprocket, I think because of the 630 chain size. I changed mine over to the 530 combination on the earlier bikes, with positive results. But mind you, the rear wheel is an inch shorter than the earlier models, so some ratio-mathematics might be in order if you do predominantly hiway riding or all city riding.
Chris in Boston